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Gas Station & C-Store 6373 FM 1442 2,701 SF 100% Leased Retail Building Orange, TX 77630 $2,352,000 ($870.79/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-year absolute NNN lease to experienced operator; Zero landlord responsibilities — hands-off investment
- Located at the corner of Hwy 105 and FM 1442, with 12,000 VPD
- Positioned within a fast-developing part of Orange County, benefiting from nearby industrial and residential expansion
- 10% increases every 5 years; Proven, seasoned location - 35+ year history as gas station & c-store
- Surrounding area boasts an average income of $151,983 within a 1-mile radius, indicating a strong consumer base for potential business growth
EXECUTIVE SUMMARY
Century Partners is pleased to offer a well-established Gas Station and Convenience Store investment featuring a 20-year absolute NNN lease to an experienced operator, delivering a truly hands-off opportunity with zero landlord responsibilities. The lease provides 10% rental increases every five years, ensuring built-in income growth, while the property benefits from a proven, seasoned location with over 35 years of operating history as a gas station and convenience store, supporting long-term performance and reliability.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,701 SF
Building Class
C
Year Built
1996
Price
$2,352,000
Price Per SF
$870.79
Cap Rate
8.50%
NOI
$200,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
1.99 AC
Zoning
F1 - Zoning is commercial
Frontage
226’ on FM1442
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 000008-002020 | Improvements Assessment | $296,316 |
| Land Assessment | $44,798 | Total Assessment | $341,114 |
PROPERTY TAXES
Parcel Number
000008-002020
Land Assessment
$44,798
Improvements Assessment
$296,316
Total Assessment
$341,114
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Gas Station & C-Store | 6373 FM 1442
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